The bitcoin price, which crashed to under $50,000 per bitcoin on Monday before rebounding slightly, touched $70,000 in July amid excitement over Donald Trump's "game-changing" plans for bitcoin. The ...
How the Bank of Japan wrecked the yen carry trade — and crypto markets
Crypto experienced one of its worst days in years on Aug. 5. Few saw it coming, but traders’ addiction to leverage has been quietly amplifying marketwide risks for months. If leveraged trading was the ...
Bitcoin dips to $53K after Bank of Japan’s rate hike, Ether follows drop as global market panic ensues
Bitcoin and Ether face steep declines amid a global market downturn triggered by the Bank of Japan's unexpected rate hike.
BitStamp CEO Bobby Zagotta on navigating the ups and downs of crypto
The cryptocurrency market is undergoing significant transformations, as highlighted in a recent discussion between BitStamp CEO Bobby Zagotta and Roundtable anchor Rob Nelson. Their conversation ...
Bank of Japan sends dovish signal after rate hike sparked meltdown
BOJ Deputy Governor Shinichi Uchida pledged to refrain from hiking interest rates when the markets are unstable.
Bank Of Japan Dy Governer Says, ‘Won’t Raise Interest Rates If Markets Are Unstable’; Asian Markets Rise
Asian stock markets surged following reassurances from the Bank of Japans Deputy Governor Shinichi Uchida, who stated that the central bank would not raise interest rates if market instability ...
Harris campaign adds ex-Binance advisor Plouffe amid signs of thaw with crypto industry
Then, in 2023, he took on a role as global strategic advisor for Alchemy Pay, a Singapore-based payment company to “bridge the gap between fiat and crypto economies.” Last yea ...
Jake Paul’s W Raises $14 Million in Seed and Series A Funding Led by Shrug Capital and Anti Fund to Reinvigorate Men’s Personal Care Aisle
W, the men's personal care brand from Jake Paul made to smell great and designed to work harder, today announced it has raised a Series A led by Shrug Capital. Valued north of $150 million, W has ...
Massive Losses Set Stage for Big Rebound in Japan’s Bank Stocks
The outsized drop in bank shares during the recent rout in Japanese stocks has the potential to bring an off-the-scale recovery.Most Read from BloombergAfrica’s Richest City Needs $12 Billion to Fix ...
Japan’s April yen-buying intervention sets new daily record
Japan said on Wednesday that it conducted a record single-day yen-buying intervention in April, selling 5.92 trillion yen ($40.83 billion) worth of dollars in a fight against a falling yen at that time.
Custodia Bank’s Caitlin Long on how companies are embracing crypto
Custodia Bank CEO Caitlin Long weighs in on the challenges to put crypto on corporate balance sheets and how they are being overcome
Crypto Industry Political Donations Are Going to Democrats Too
The crypto industry, whose hostility to the Biden Administration have led some major participants to publicly endorse Donald Trump, is spending millions through a pair of super PACs to shape the Democratic Party by intervening in congressional primaries.
Wall Street bounces back from its worst day in nearly 2 years and rallies, as Japanese stocks soar
U.S. stocks are bouncing back, and calm is returning to Wall Street after Japan’s market soared earlier Tuesday to claw back losses from its worst day since 1987.
How an obscure Japanese yen trade sparked a global market meltdown—and why the worst could be yet to come
The popularity of the Japanese carry trade is easy to understand. While central banks such as the Federal Reserve increased interest rates in the face of inflation, the Bank of Japan kept its interest rate near zero—or even lower—to incentivize ...
Crypto industry players see light at end of tunnel despite regulatory vacuum. Here’s why
The Ministry of Finance recently stated in the Lok Sabha that the government was not considering any proposal to enact a law to regulate the world of cryptocurrencies in India.
Softbank-backed Unicommerce eSolutions IPO fully subscribed within hours of opening for bidding
The initial public offering of SoftBank-backed SaaS platform Unicommerce eSolutions Ltd got fully-subscribed within hours of opening for subscription on Tuesday. The initial share sale received bids ...